Submitted by tcoxen@skilledw... on Fri, 04/16/2010 - 1:29pm
This recent report - Workforce Innovations: Outcome Analysis of Outreach, Career Advancement and Sector-Focused Programs - looks at three targeted approaches to employment services offered by New York City's Center for Economic Opportunity, Small Business Services department (SBS-CEO). One of these is the Workforce1 Transportation Career Center, which is a sector-focused one-stop center working with both job seekers and incumbent workers in the transportation industry.
The evaluation found that Transportation Career Center participants are placed at higher rates, have higher hourly wages and more weekly hours at placement than participants served by the non-sector focused Workforce1 Career Centers. Additionally, the evaluators used a cost-benefit analysis to estimate savings associated with the three SBS-CEO employment programs, and found that:
The 5-year net benefit associated with the Workforce1 Transportation Career Center program is estimated to be over $37 million and net return-on-investment is estimated to be 910 percent (range of 850 percent to 1,110 percent). That is, every dollar invested in this program in 2009 will result in $9.10 return to taxpayers over the five years.
Download the full report to learn more.